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at 35 shillings Flemish per pound sterling; between Am sterdam and Paris 53, grotes Flemish per ecu of 3 francs; and between Paris and Cadiz 15 francs 50 centirres per doubloon of p ate.

What is the arbitrated price between London and Cadiz ?

1 dollar of plate.
4 dollars of plate

1 doubloon of plate.
od 'doubloon of plate= 152 francs.
3 francs

53, grotes Fl.
12 grotes Fl.

1 shilling Fl.
35 Millings Fl. =240 pence sterling.

The result is 391 d. sterling per dollar of plate. The circuitous operation is, therefore, the most advantageous, as London gets 39. d. nearly, instead of 38 d. for each dollar of plate.

129. London having a sum to receive in Lisbon, when the exchange is at 64 d. sterling per milree, draws on Lisbon, but remits his bill to Hamburgh to be negotiated, and directs the returns to be made to him in bills on Leghorn; the exchange between Hamburgh and Lisbon being 45 grotes Flemish per old crusado; between Hamourgh and Leghorn 85 grotes Flemish per pezza; and between London and Leghorn 52 d. sterling per pezza. What is the arbitrated price between London and Lisbon ? and what does London give per milree by the circuitous exchange ?

130. A merchant in London has a sum to pay in Petersburg, and another to receive in Genoa; but there being no regular exchange between these places, London draws on Hamburgh, and remits his bill to Petersburg, directing Hamburgh to draw on Genoa; the exchange between London and Genoa being 462 d. sterling per pezza; between Hamburgh and Genoa 81 grotes Flemish per pezza; and between Petersburg and Hamburgh 23 kchillings Lubs per ruble. What is the exchange between London and Petersburg resulting from the operation: that is, how many pence sterling does London pay for the ruble ?

131. A merchant in the United States has funds in Paris, and awes a sum of money in Hamburgh; he draws

banco per £ sterling. How niany cents per mare

on London, remits his bill to Hamburgh, and directs London to draw on Paris; the exchange between the United States and Paris being 18 cents per franc; ve. tween London and Paris 24 francs 25 centimes per £ sterling; and between Hamburgh and London 13. marks does the American merchant pay by this course

ex

132. A merchant in the United States being indebted in London, remits bills on Paris to his correspondent in that city, and directs him to obtain bills of Paris on Lisai bon and remit them to his creditor in London; the exchange between the United States and France being 18 cents per franc; between Paris and Lisbon 465 rees per ecu of 3 francs; and between London and Lisbon 63 d sterling per milree. In this course of exchange, how many pence sterling are paid with one dollar of the United States ?

In the preceding examples, no notice is taken of the expenses incident to exchange operations, such as commission, brokerage, interest, &c.; but in all transactions of business, it is necessary to make allowance for the difference of charges between direct and indirect exchanges, in order to decide on the preference of the one to the other.

FOREIGN COINS.

THE SILVER COINS of foreign countries, rendered current in the United States, by Act of Congress, are as follows. Spanish dollars and parts thereof, at 100 cents the dollar. Dollars of Mexico, Peru, Chili, ana Central America, of not less weight than 415 grains each, and those restamped in Brazil of the like weight, and of not less fineness than 10 oz. 15 dwt. pure silver in the Troy pound, all at 100 cents the dollar. The Fivefranc pieces of France, weighing 384 grains each, and of not less fineness than 10 oz. 16 dwt. pure silver in the Troy pound, at 93 cents the piece

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THE GOLD COINS of foreign countries, with theis respective weights, and values, are stated in re following Table. Those of the countries printed in Italics are rendered current, by Act of Congress.

Weight. Value. Names of Countries and Coins.

$ cts m AUSTRIAN DOMINIONS.

I Souverein,

3 11 3 37 7 Double Ducat, .

| 4 12 4 58 9 Hungarian, Ducat,

2 53 2 29 6 BAVARIA Carolin,

6 51 4 95 7 Max d'or, or Maximilian,

4 4 3 31 8 Ducat,

2 53 2 27 5 BERNE. Ducat, double in proportion,

1 23 1 98 6 Pistole,

4 21 4 54 2 BRAZIL.

Jahannes, half in proportion 18 17 06 4 Dobraon,

34 12 32 70 6 Dobra

18 6 17 30 1 Moidore, half in proportion, 6 22 h 55 7 Crusade,

161 63 5 BRUNSWICK. Pistole, double in proportion, 4 211 4 54 8 Ducat,

2 52 2 23 COLOGNE. Ducat,

2 53 2 26 7 COLOMBIA. Doubloon

17 9 15 53 5 DENMARK. Ducat, Current,

2

1 81 2 Ducat, Specie,

2 53 2 26 7 Christian d'or,

4

4 02 1 EAST INDIA. Rupee, Bombay, 1818,

7 11 7 09 6 Rupee, Madras, 1818,

7 12 7 11 Pagoda, Star,

2 43 1 79 8 ENGLAND. Guinea, half in proportion,

5 81 5 07 5 Sovereign, half in proportion, 5 23 4 84 6

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5 51 4 84 6 10 11 9 69 7 4 22 4 57 6 9 20 9 15 3 4 31 3 85 1 8 7 ng 70 2 5

4 65 5

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2 53 2 30 2

Seven Shilling Piece,
FRANCE.
: Louis, coined before 1786,

Double Louis, before 1786,
Louis, coined since 1786,
Double Louis, since 1786,
Napoleon, or 20 francs,
Double Napoleon or 40 francs,

Same as the new Louis Guinea,
FRANKFORT ON THE MAIN.

Ducat, GENEVA

Pistole, old,

Pistole, new, HAMBURG.

Ducat, double in proportion, GENOA.

Sequin,
GANOVER.

Double George d'or, single in pro.
Ducat,

Gold Florin, double in pro'n,
HOLLAND.
Double Ryder,
Ryder,
Ducat,

Ten Guilder Piece, 5 do. in pro’n,
MALTA,

Double Louis,
Louis,

Demi Louis,
MEXICO.

Doubloons, shares in pro’n,
MILAN.

Sequin,
Doppia or Pistole,

Forty Livre Pieces, 1808,
NAPLES.

Six Ducat Piece, 1783, .
Two do. or Sequin, 1762,
Three do. or Oncetta, 1819

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5 16

5 24 9 1 204

1 591 2 1011 2 49

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NETHERLANDS.

Gold Lion, or 14 Florin Piece,

Ten Florin Piece, 1820, . PARMA. Quadruple Pistole, double in pro’n,

Pistole or Droppia, 1787, · Pistole or Droppia, 1796,

Maria Theresa, 1818, PIEDMONT. Pistole c'd since 1785, į in pro'n, Sequin, half in proportion, Carlino, c'd since 1785, in pro'n,

Piece of 20 Francs, or Marengo, POLAND.

Ducat,
PORTUGAL

Dobraon,
Dobra,
Johannes,
: Moidore, half in proportion,

Piece of 16 Testoons, 1600 Rees,
Old Crusado or 400 Rees,
New Crusado or 480 Rees, .

Milree, coined in 1755,
PRUSSIA.

Ducat, 1748,
Ducat, 1787,
Frederick, double, 1769,
Frederick, double, 1800,
. Frederick, single, 1878,

Frederick, single, 1800,
ROME.

Sequin, coined since 1760,

Scudo of Republic,
RUSSIA.

Ducat, 1796,
Ducat, 1763,
Gold Ruble, 1756,
Gold Ruble, 1799,
Gold Polten, 1777,
Imperial, 1801,

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